So you have decided to become self-employed but not sure where to start in regards to your accounts? The first and most important thing for you to do is of course register as a self-employed individual with HMRC. This is so they can ensure your are paying the tax owed on any profit you make,
When starting up a new business it’s very easy to fall for the common misconception that you must immediately become VAT registered - as with most misconceptions this isn’t always true. In this article we’re just going to explain the reasons when you must legally become VAT registered but also why VAT registration isn’t always
When running a business it’s very important to protect your brand and intellectual property. There are many ways of doing this however the two most common methods are of course Copyrighting © and Trademarking ™. However we’ve noticed many people are unsure as to what the difference is between a copyright and a trademark so
If you are the Director of a Limited Company then the method in which you can take money out of that company is performed via the method of withdrawing ‘dividends’. If you’re new to being a Company Director then this is how you will withdraw money from a company - this can come as quite
If you run a business which deals with cash (a retailer for example) then you’ll likely have lots of the old ‘round’ £1 coins lying around which you can no longer use as legal tender, so what can you do with them? Luckily there is a way to ensure you don’t miss out on the
A real hot topic right now is mortgages and there are many first time buyers out there asking the question "How much mortgage will I be lent as Self-Employed?" and so we wanted to write a blog just clarifying how the system works for self-employed people looking to get a mortgage. Spoiler alert...it's not as
If you’re looking to employ staff for the first time then one very common area business owners forget to account for is the amount of ‘Employers National Insurance’ you’ll need to pay for each member of staff. So in this article we’re just going to explain what this is and how much it’ll cost your
If you are self-employed or director of a company then there usually comes a time when you transfer some of your own hard-earned money from your personal bank account into your business bank account. However if you do this incorrectly you will have to pay tax on that amount because HMRC simply see it as
We've noticed many self-employed individuals asking us how to become a Limited Company so we thought we'd write a step-by-step guide on how to do so! There are many ways in which you can setup a Limited Company and this article is really designed for an individual who is simply looking to setup a Limited
The General Data Protection Regulation (GDPR) is an EU Law which will take effect as of the 25th May 2018 and in the UK will replace the Data Protection Act 1998. It is quite simply an effort to give users better control over how organisations use their personal data but in-turn is putting a
